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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Megafon PAO    MFON   RU000A0JS942

MEGAFON PAO (MFON)
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Megafon : Telia Proposes Sale of 5.65% Stake in MegaFon

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10/02/2017 | 07:01pm CEST
   By Adria Calatayud 
 

Scandinavian telecom operator Telia Co. AB (>> TeliaSonera) on Monday said it has proposed the sale of 35 million shares, or 5.65% of the issued share capital, in Russia-based MegaFon (>> Megafon PAO).

The Swedish company said it has launched an accelerated bookbuilding offering to institutional investors, a transaction it expects to settle on Oct. 5. The offer price and final number of shares sold will be determined at the conclusion of the process, it said.

Telia, which currently holds a 25.2% interest in MegaFon, said the proposed sale is consistent with its strategy of focusing on operations in the Nordics and Baltics. The sale would reduce its stake to 19.5%.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

Stocks mentioned in the article : TeliaSonera, Megafon PAO
Stocks mentioned in the article
ChangeLast1st jan.
MEGAFON PAO --End-of-day quote.
TELIASONERA -0.41% 41.07 Delayed Quote.12.83%
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Financials (RUB)
Sales 2018 341 B
EBIT 2018 62 763 M
Net income 2018 -
Debt 2018 238 B
Yield 2018 6,86%
P/E ratio 2018 8,82
P/E ratio 2019 12,59
EV / Sales 2018 1,76x
EV / Sales 2019 1,68x
Capitalization 363 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 602  RUB
Spread / Average Target 2,9%
EPS Revisions
Managers
NameTitle
Sergey Vladimirovich Soldatenkov Chief Executive Officer
Evgeny Aleksandrovich Bystrykh Chairman
Anna Andreevna Serebryanikova Chief Operating Officer
Alexander Barunin Chief Financial Officer
Pavel Viktorovich Korchagin Chief Technology Officer
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